JP Morgan Asset Management to acquire property in Munich from Ivanhoé Cambridge

JP Morgan Asset Management and Ivanhoé Cambridge announce the signature of a purchase-and-sale agreement of an office building in Munich, Germany.

The property, which is occupied by multiple tenants, is located at 75 Kistlerhofstraße in Munich- Obersendling, south-west of the city center. Featuring 32,700 m² (352,000 ft²), it has six floors and 479 parking spaces.

Ivanhoé Cambridge was advised by Linklaters and BNP Paribas Real Estate, JP Morgan Asset Management was advised by GSK.

About JP Morgan Asset Management – Global Real Assets

J.P. Morgan Asset Management – Global Real Assets has approximately $64.5 billion in assets under management and more than 400 professionals in the U.S., Europe and Asia, as of September 30, 2012. With a 40-plus-year history of successful investing, J.P. Morgan Asset Management – Global Real Assets’ broad capabilities provide many of the world’s most sophisticated investors with a global platform of real estate, infrastructure, maritime/transport and energy strategies driven by local investment talent with disciplined investment processes consistently implemented across asset types and regions.

About Ivanhoé Cambridge

Ivanhoé Cambridge is a world-class real estate company that leverages its high-level expertise in all aspects of real estate including investment, development, asset management and building operations. Through its multiple subsidiaries, il holds assets in more than 20 countries valued at over Cdn$30 billion as at December 31, 2011. Ivanhoé Cambridge is a real estate subsidiary of the Caisse de dépôt et placement du Québec (www.cdpq.com), one of Canada's leading institutional fund managers. For more information, visit www.ivanhoecambridge.com.